click to show more information

click to hide/show information About your Search

20121101
20121130
Search Results 0 to 17 of about 18
later in the program. >> ohio, colorado, florida, those are the three, i think. >> i bet a lot of global investors are googling the u.s. state map this morning. >>> there is a plan known as the fiscal cliff and automatically triggered $600 billion of tax hikes and spending cuts which would send the u.s. into a recession. >> in this animation, eamon javers has explained the fiscal cliff and gives a couple scenarios for avoiding it. >> the u.s. is barreling towards the fiscal cliff, that's when come on on 2013, mandatory budget cuts and tax increases kick into reduce the deficit by $560 billion. the map drawn by congress leads to automatic cuts next year of $27 billion each in defense and nondefense spending and another $12 billion in cuts to medicare. but here's what lowers the deficit most. higher taxes. all the bush tax cuts go away and a 2% payroll tax comes back. all this coming at once would put the economy in a recession. congress and the president could still take an off-ramp and avoid the cliff, but that would mean tough compromises to raise taxes or lower spending. the other alte
decisive. florida remains a toss-up. clearly not going to make a difference to the overall outcome. 270, that was the number to reesm we knew once we started to get the results from ohio, that it was going in barack obama's way decisively. yes, 303 to barack obama 206 to mitt romney. >> but the race for the white house wasn't the only major contest as control of congress was also up for grabs. the democrats held on to the senate picking up two additional seats in massachusetts, where elizabeth warren beat the incumbent scott brown. in indiana, congressman joe donnelly beat the controversial richard mourdock. congress remains divides republicans maintain their control over the house of representatives. romney's running mate paul ryan won his re-election campaign for his house seat. >> joining us for more analysis is ron freeman. ron, good morning. >> good morning, kelly. >> ron, what's your initial reaction here to the outcome? what's the biggest impact this is going to have on policy? >> i think the biggest impact it will have on policy is we have a president we know well. we know what
the fiscal cliff. we have two guest hosts, george p. bush, son of former florida governor jeb bush, founding partner of st. augustine partners and jared bernstein, former chief economist to vice president biden, also a cnbc contributor and welcome to both of you. great to have you both here today. >> thank you. >> good to be here. >> we've been talking seriously about trying to tackle the fiscal cliff, it's a looming problem. you've seen the market's activity over the last week or so, and first of all i have to ask each of you, do you think we'll go over the fiscal cliff? george we haven't gotten to talk to you for a while. >> i have a bullish sentiment, i look at the rhetoric from speaker boehner late last week and the president's remarks indicate there's wiggle room in terms of a trade that can be made between meaningful entitlement reform and revenue generation. the crux of the issue will lie in terms of where the revenue will be generated, whether it will be in tax increases but this is the first part of the negotiati negotiation, as in any business deal there is posturing but i feel a d
to "squawk box" this morning, the race in the battleground state of florida lived up to its billing. that presidential contest is still too close to call. but mary thompson is there. and maybe she's not going to call it for us, but can give us more information on where we are. mary? >> reporter: no, i'm not going to call it, andrew. might not be until this afternoon or possibly 9 to 12 days from now before we know the outcome of the florida vote here. the vote count was called off late last night. miami-dade, which is one of the most populous counties here in florida said it would continue the vote count today. hanging in the balance, 29 electoral votes. but, again, at this point may make little difference. this is where we stand as far as the vote count goes with president obama showing a slight lead over governor romney according to the florida division of elections. now, even if the final results are submitted today, if there is a margin of victory of less than .5%, here in florida, that triggers an automatic vote recount. that has to be completed either after nine days after the
latino areas that did not get polled including florida and just saying one party figured it out. the other party didn't. >> if you look at individual stocks and sectors, yesterday you got at the point where you go by sector and not risk on, risk off broader mark. we see that here. financials are seeing softness in pre-market. coal stocks seeing softness. there is a notion that now there will be more reimbursement for patients who previously couldn't pay for their care and so that will be a huge tail wind for these stocks which goes to buy from neutral this morning. >> a couple guys piled on hca. i do feel that you're supposed to sell the medical devices because there's a tax on them. things are playing out the way we would expect. i do think that the market is not understanding the power of what bernanke is doing in housing because you would get the firing of bernanke very quickly, okay, and you're not going to get that now. he's obviously contributed. the rates are down any way. i just think that if you bought bank of america because you thought romney was going to win and that
to just $1,000. along the eastern seaboard that's a lot of fema. fema will take an 8% hit. in florida, a lot of social security spending. up here you have the risk management association -- sorry, agency, from department of agriculture. crop subsidy and drought relief comes through here. education, public assistance. the whole spectrum, pretty much, are subject to 8% cuts. let's take a look by state when we look at the total count here. this is from the pew research center. we find maryland, virginia, d.c., 20%. that's evenly split between the green, nondefense, and the blue, which is defense spending. hawaii, 16%. almost all of it is defense spending. places like kentucky and alabama. a lot of this is defense spending. a lot of these, by the way, are red states and they'll get hit. incentive for them to come to the table. one more way to look at this is federal jobs. this is by state. a red state, texas, a lot of federal jobs. a blue state, california, a lot of federal jobs. california is a state with high unemployment rate, over 10%. you can see there, virginia as well. texas with a
't we? we ask, they perform. thank you very much. >>> from california to florida, walmart workers have been staging protests at various locations across the country. but, is that keeping shoppers away? we'll go live to a walmart store in maryland for the latest action on that. >>> plus, we'll tell you six ways to find the best deals out there. all it takes is your fingers and a mobile device. >>> up next -- fiscal cliff getting closer and closer every single day. one member of our panel says there is no way the lawmakers will hash out a deal by the end of the year. what does that mean for stocks? stick around to find out. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. >>> the mark
a -- >> sorry to interrupt you. that's our first opportunity to see mr. martoma who has been living in florida of course as we know as he enters the court. continue, judge. >> the government will put together matching phone calls to particular trades and also look at speed of which trades take place and when they take place that will be part of the circumstantial evidence that will be used to ask the jury to infer that the defendant, mr. martoma, and others were acting with criminal intent. >> we had you on to talk about the gupta trial and now this one. we'll come back time and time again. is the hurdle for either side significantly higher or lower than in the case like gupta? >> in this case, in mr. mart yo appear there are any recordings. it will be a different play. >> just finally, judge, what is now the landscape of federal investigations into the financial services industry? what does this case tell us about where we are now? >> well, it underscores how broad the investigation is and some indication of how broad the problem might be. it's a whole different sphere, if you will, it's no l
swamped. >> you remember hurricane andrew which flattened homestead down in florida. there were parts of new jersey and long island that look like that. >> not nearly the size -- houses down there were $150,000 a piece. the homes that were destroyed up here were millions of dollars a piece. >> that's what i'm saying. it's much more money. >> the other difference is in new york there's not a lot of moral hazard that you worry about in the sense of people weren't building homes in the wrong places. >> a terrific comment. there had not been a storm there in decades and decades and decades. it's another thing in florida on the coast. there were counties i found along north carolina that have fema money on top of fema money from the prior storm on top of fema money. that's not the case in new york. >> three storms hit new york in 1954. all of them twice as big as the one that just hit three in one year. >> i don't want to give you a nodule but people are making a leap with global warming thing. it may be true. i don't think there's evidence of it. >> i tell you, it's our living in sin that
couldn't resupply fast enough. >> john, i'm told that did not pass in south florida. it was proposed but didn't pass and the total cost per gas station is $8,000 to $10,000 for the prewiring and the generator. seems like they would have made that over the last couple of weekends, if they had had it. anyway, to not worry about losing the power when you don't have it is the only thing i can -- like this last storm it's like hey, neighborhood doesn't have power anyway. you can't do anything to us at this point. john hofmeister, appreciate it. thanks. >>> coming up, policy decisions from the bank of england and the european central bank, two important announcements from europe that are still ahead this morning. bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. impact wool exports from new zealand, textile product
-- in the saks call they talked about another zip code store in florida where there's a whole floor of shoes. what we could do is we would take a winter break together and visit that zip code opposed to the zip code of -- >> if we're going down there, i might do it. i might do it. warmer weather you can show off your legs so that's nice too. >> okay. maybe we go to tampa bay. see what they have. >> i hear all of the action is in tampa. >> south beach. if you're going to do it, do it. >> you should do it up. >> the journal takes a crack at icahn versus hastings today as we keep an eye on take two where the action is getting hotter for carl. >> a blog post yesterday that they hired some time ago. listen, carl, i can tell you what i know. carl's calling people trying to get meetings with potential buyers for netflix. i spoke to people that will probably meet with carl. they have very little if no interest in actually buying it but everyone will go see carl because it's nothing if not entertaining. maybe you have a couple martinis, you relax, you talk, you get to heardom on things. we'll see wha
read over the weekend, if romney doesn't win florida, it's almost impossible he can win the presidency almost by adding in any other combination of states. but there's likely to be gridlock in congress on again for another at least two years, possibly four years. if that's the case, either romney or obama will find their ability quite circumscribed. but there are key areas where either administration would follow fairly similar policies and they are related to expiration for oil and gas and production of oil and gas. it's forgotten now that a couple of months before the gulf of mexico disaster, the bp disaster in 2010, obama had opened up substantial areas off the atlantic coast of the u.s. more region ofs of the gulf of mexico and i think the west coast, as well, to exploration efforts. in other words, the obama administration was of the gulf and i think the west coast, as well, to exploration efforts. in other words, the obama administration was committed to increases production to help towards the long term goal of redur reducing energy import independence. that's a sentiment that r
state can't pull gdp up after pushing it down. what we saw in 1992 in florida with andrew was that it did pull up the gdp. the rebuild did. this is a similar rebuild although there will be tremendous tension. those of house have property down there who submitted our bills to the insurance companies, how much of it was water damage? well, a lot of it. nice to know you. it's good. i hope you don't have mold down there. >> if it got flooded, you should hope a tree fell on top. >> the insurance companies are telling you to read fine print. fine print is very bad. >> when we come back, taking a bite out of apple in bear territory after a slight gain on friday and stock up in premarket. is it finally the time to buy? you might remember david shulman now with ucla forecast. he says why you should brace. nice rallies given that dow in the past four of six weeks have been down more than 200 points. more "squawk on the street" is back in a minute. >> take a look where we are set to open here up 112 points on the dow jones industrial average. a little bit of optimism this morning as
lustig claims you can improve your chances. he says he's won millions in the florida lottery and has even written a book. his tips, buy as many tickets as you can afford and pick your own numbers. don't let the machine do it. >> it's all about what numbers, how do i pick the best numbers, what's the secret to picking the numbers. there is no secret. >> the odds may be long, but people keep hoping they'll be that one in 175 million. >> it's always a dream. always a dream. >> the key question, of course, is whether you're going to play. one of our viewers has tweeted in to say that playing the power ball is a tax on the mathematically challenged. i'm in. another disagrees. he says a dollar in apple stock eventually becomes $2 versus zero in power ball. not sure if it's conventional wisdom that a dollar in apple doubles. maybe that's a bit of a warning sign for the shares. but in any case what are you going to do with your dollar? are you going to put it in the powerball? put it in the stock market? e-mail us, you can tweet us. >>> and stick around, because coming up, the world's top auto ma
back from florida. great work this week. >>> shares of apple sliding over 20% since the all-time high back on september 21st. question is, do we go down more from here? later on, the changing of the guard. over in china. we'll take a closer look at the challenges and new leadership will face and means for the rest of the world. don't go away. it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the home office as well. because today it's about all of us. and no matter who you are, you're the commander-in-chief of your own life. ♪ you're the commander-in-chief of your own life. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. >>> welcome back. let's take a check on shares of apple. this hap
in the high fives and low sixes, so whether you're looking at the national association of home floridas index yesterday, marching up to the best levels since may of '06 or starts and permits, i would have to say that i can't tell you if every region is going to have hot housing market as some of the stories i was reading about in miami, but there seems little doubt at least at this point before everybody starts tackling deductions like home mortgage interest, that it's trying to get a bite and trying to grab. rates kicked up maybe a basis point. dollar index under duress and doing better again, the dollar that is on the yen and that has been one of the big trades last several weeks. back to you. >> rick, thank you. steve liesman is standing by in new york and steve the big thing coming up today has to be when bernanke is going to be speaking. we talked earlier about that. what really do you expect to hear today? >> not unrelated to the report we just got, becky, i think that's a good question because i think bernanke is going to be relatively pleased with what's happened to mortgages. i think
was arrested by the fbi at his florida home this morning. he allegedly got inside information about an alzheimer's drug on trial in 2006 and 2007 being conducted jointly and he passed on that information to said hedge fund resulting in the ill gotten gains and in the process committed securities fraud among other accusations. we'll bring you more details as we have in this news just out this morning and there's a press conference later today at about 12:30. we'll bring you details. >> all right. already a busy month. thank you for that. we'll see you later on today. >>> big box retailer best buy reporting weaker than expected numbers just days before the unexpected start to the holiday season. for how much longer will it cut into profits? you won't want to miss what meg whitman has to say about that quarter and the autonomy write off at 10:40 eastern time. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new gl
. >> alabama and auburn and all those. >> florida. >> the pac-10 or the big ten? i don't know what i'm talking about. who is the competitor to the sec? >> there is no -- there hasn't been a competitor. >> what's the one that rut gger just join some had. >> the big ten. >> on so trying toitor competitor. >> and there are good teams out west. pac-10. oregon is good and ucla and usc. >> by the way, i have to apologize, i don't know if june is watching. she sat by us at the game. she gave me gloves, i'm really sorry, i walked out with them. i gave them to ray who said that he sees you all the time. >> ray rice? >> no, a different ray. i hope that he actually does see her because i gave him the gloves. but tweet me and i'll pay for the gloves. sorry. i feel so bad, i pronled i'd give the gloves back and i walked out with them. >> i guess we should move on. >> probably. >> earlier this week we told you about james gorman's memo to employees, encouraged them to make calls and letters to washington demanding a balanced compromise on the fiscal cliff. today's politico's morning money reports the bank's
Search Results 0 to 17 of about 18